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0.70 Holds At The Close AUDUSD........>

AUSSIE TECHS
AUSSIE TECHS: 0.70 Holds At The Close 
AUDUSD dipped as low as 0.6988 yesterday before recovering the 0.70 handle at
the close. Upside momentum has been lacking though keeping the focus on the
downside with bears looking for a close below 0.70 to bring the 61.8%
retracement of the Jan recovery into play at 0.6953. Below here would return the
focus to the Jan 3 flash crash lows of 0.6741. To stabilise the outlook bulls
need to recover the 0.7100 level, while a break back above the 100-dma at 0.7123
would shift the outlook positive and open the 200-dma & 0.72 level.

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